Featured image of post Financial crisis and doubt about John Textor's management

Financial crisis and doubt about John Textor's management

After leaving Olympique Lyonnais (OL), John Textor intended to focus on his Brazilian club, Botafogo. However, following a significant failure in Europe, the shareholders of its holding company, Eagle Football, are beginning to express doubts about its ability to manage business and are considering potentially separating from it. This is illustrated by the recent sale of the Argentine offensive medium Thiago Almada to Atlรฉtico Madrid, a lucrative transaction of 40 million euros that will benefit Eagle Football. The way this money will be reinvested remains uncertain, due to the many complex financial transactions and the difficult cash flows between Botafogo and OL.

The uncertainty surrounding John Textor’s financial management is exacerbated by a series of recent failures. OL, under his leadership, has been subject to frequent economic and administrative sanctions, both at national and European level, ultimately leading to his departure. These difficulties have profoundly affected the confidence of Eagle Football shareholders, who remain owners of OL. The internal situation of the holding company would have become chaotic, to the point of creating fears of implosion, as shareholders are increasingly concerned about the controversial management of John Textor, who is also involved in many legal proceedings.

According to journalist Romain Molina, the current situation on Eagle Football’s board of directors is particularly unstable. Shareholders are increasingly aware of management problems and are seriously considering taking steps to remedy the situation. The complexity of financial transactions and the many recent failures have eroded confidence in John Textor’s ability to lead OL and Eagle Football, endangering the future of both entities. The future management of OL and the fate of John Textor remain major concerns for shareholders.